Assuming you got a job as a Forecasting Manager with a brand new firm that has n

Question

Assuming you got a job as a Forecasting Manager with a brand new firm that has no historical data. In a high level meeting it was decided that you will develop a Weekly Exponential Smoothing Forecasting model that would go back at least 4 weeks to make a Forecast. You have decided to use a Smoothing Constant of:

Answer            

0.8

0.4

0.3

0.5

       

                            a.           

0.8

                            b.           

0.4

                            c.           

0.3

                            d.           

0.5

Explanation / Answer

Answer: B (0.4) SC = 2/(n+1) 2/(4+1) 0.4

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